06 Jul Future of Business Travel
Scope Three carbon reporting is gaining importance and suppliers of business travel need to be ready. So what is scope 3 and why is it important?
As concern for the climate crisis increases, many corporations are committing to measuring – and reducing – their carbon footprints. The Greenhouse Gases (GHG) that corporations produce are categorized within three “scopes” that are measured – and hopefully the focus of reduction strategies. Scope 1 measures the GHG that the company produces itself as it makes its products and services. Scope 2 measures indirect GHG emission caused by purchased electricity and GHG that escape from refrigeration, air conditioning, and industrial gases. Tourism businesses, like all businesses, need to reduce their scope 1 and 2 emissions. Nevertheless, it is scope 3 reporting of the corporate customers which may move them to action.
Scope 3 reporting covers the GHGs produced within the company’s value chain and that includes business travel. Scope 3 is a big deal for companies committed to reducing carbon as for many companies (think of service sector companies for example) scope 3 emissions are the biggest source of carbon. Our – business travel’s – largest customers need accurate information from their business travel suppliers on carbon emissions so they can meet their commitments to reducing GHGs. This trend is driving a greater need for every business travel supplier – from hotels to convention centers, to rental car companies – to be measuring their GHG emissions. For many businesses that means systems of measurement need to be put in place.
Time to get ready.
Some great resources on carbon measurement and Scope 3 reporting.
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